Pine Labs, the India-based payments firm, is aiming to raise over $300 million through its planned listing. The fintech has filed for an IPO and intends to issue fresh shares to reach a fundraising target of $304 million. Existing investors, including PayPal, Mastercard, and Peak XV, plan to divest up to 147.8 million shares, as indicated in the filing. The proceeds from the IPO will be utilized to invest in international branches, expand the company’s presence outside India, advance technology, and reduce debt.
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